The Cape Cod Real Estate Guy has assembled some FAQ’s for Sellers

Q: Agency disclosure laws in the Commonwealth state that you will be acting as a Seller’s Agent on my behalf. What is a Dual Agent? What is a Buyer’s Agent?

A: If I were listing your property, I would be doing so as a Seller’s Agent. If I am showing it also to my own customer then I become a Dual Agent for both sides. If I show to another agent’s customer then I revert back to a Seller’s Agent.

Q: What is a 1031 Exchange? Can I get one if I am selling my primary residence?

A: A 1031 Exchange is a tax arrangement wherein the Federal Government will allow you to sell a property and buy another of equal value. If done within a certain period of time, you will save Capital Gains taxes.

Q: What kind of advertising can you do to make my house sell as quickly as possible?

A: We advertise in the local weekly papers, National Association of Realtors (Realtor.com) on our company website, my personal website, the Real Estate Book, Boston Globe, New York Times and often the Wall Street Journal.

Q: How much does your office charge for a Realtor’s fee?

A: Our fee is negotiable. We welcome your input regarding fee structure and arrangements.

Q: Do I have to get a lawyer in order to sell my property? Can you suggest someone knowledgeable and not too expensive?

A: You will need a lawyer to at least prepare a deed for the next owner. I can give you a list of local lawyers.

Q: What is the weekly Real Estate tour? Does my house get put on the tour right away?

A: It is best to get your house on the local Real Estate MLS Tour as soon as possible. It gives all the local agents a feel for the property and what customers they might have to inform them about your property.

Q: Will I have access to money held as my deposits for the Offer and the Purchase and Sales Agreement?

A: No. The deposit money is held in escrow with Kinlin Grover Real Estate. The Realtor’s fee is deducted at the closing and the balance is returned with interest to you at the closing.

If you didn't find the answers you were looking for contact the Cape Cod Real Estate Guy or call 508-255-3001 Office, or 508-737-6888 Cell.